Overview

• U.S. home appliance maker's Q1 sales rose 15.6%, beating analyst expectations

• Adjusted net income per diluted share climbed 25.3% yr/yr

• Company raised fiscal 2026 outlook for sales, adjusted EPS, and adjusted EBITDA

Outlook

• SharkNinja raises FY26 net sales growth outlook to 11.5%-12.5% from 10.0%-11.0%

• Company now sees FY26 adjusted net income per diluted share of $6.00-$6.10, up from $5.90-$6.00

• SharkNinja expects FY26 adjusted EBITDA of $1.29 bln-$1.3 bln, up from $1.27 bln-$1.28 bln

• Company warns that uncertainty in tariffs and global economies could affect its outlook

Result Drivers

• CATEGORY GROWTH - Sales gains in Cleaning, Cooking and Beverage, and Beauty and Home Environment Appliances drove revenue growth, with Beauty and Home Environment Appliances up 40.8% on skincare products and strong contributions from Ninja Luxe Café and Ninja Crispi

• INTERNATIONAL EXPANSION - International net sales rose 31.6%, driven by global expansion and the introduction of existing product categories into new markets

• TARIFF COST PRESSURE - Gross margin declined due to cost pressures from U.S. tariffs, partially offset by cost optimization, favorable category and channel shifts, and a decline in sourcing service fees

Company press release: ID:nBw4cxPY3a

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Sales	Beat	$1.41 bln	$1.38 bln (10 Analysts)
Q1 Net Income		$121.46 mln
Q1 Basic EPS		$0.86
Q1 Gross Profit		$694.97 mln
Q1 Operating Expenses		$530.44 mln
Q1 Operating Income		$164.53 mln
Q1 Pretax Profit		$147.58 mln

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the appliances, tools & housewares peer group is "buy"

• Wall Street's median 12-month price target for Sharkninja Inc is $145.00, about 23.5% above its May 5 closing price of $117.41

• The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago

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